Its sad to see that when companies advertise their new chips, they just mention the 3G and 4G technologies present in them. I guess it wouldnt harm in mentioning 2G as well considering all the hard work that still goes on to get it to work with other standards. No modem is ever made without 2G in it and I think the engineers deserve some credit.

whats make MediaTek think that Qualcomm can't offer a chip-set that have a features like The MT6589 and also Qualcomm can add more top notch features in their Snapdragon Processor. With large R&D and innovation Qualcomm made, its not easy for MediaTek to steal the show from Qualcomm in premium and high-end smartphones market. The Snapdragon brand still the leader.

Fair enough. However, MediaTek's new quad-core apps processor/modem SoC appears pretty much on par with that of Qualcomm's snapdragon.
The fact that MTK is rolling this out in the current quarter is a feat.
But of course, when it comes to LTE modem, Qualcomm is far more advanced.

Linley Gwennap, principal analyst at the Linley Group, just pinged me.
He is absolutely right. The rival Qualcomm chip MTK is referring to in this article is Qualcomm’s second-generation quad-core processor with integrated modem – which is not on the market yet.
However, Qualcomm in September already announced MSM8225Q, a similar qua-coredevice but based on Cortex-A5, with production in 1Q13.
Qualcomm’s MSM8225Q has an integrated UMTS modem.
As Gwennap says, this put Qualcomm “not that far behind MediaTek in reaching the market.”
Also, Gwennap believes that MediaTek is “being a bit optimistic in positioning the MT6589 for high-end smartphones, as it won't match the CPU or graphics performance of true high-end processors such as APQ8064 or Exynos 5250, and it lacks LTE.”
Indeed, MTK does not have a plan for LTE until later in 2013, according to the company.
Gwennap, however, added, “But the [MTK’s] chip will be great for mainstream smartphones, and it is a big step up for MediaTek.”

In the very long term, I think most US cell phone companies plan on migrating 100% to LTE. In other words, they will use VoLTE, and GSM and CDMA will go away.
So I certainly hope MTK has a plan for LTE if they want to be part of the US market.